You are absolutely right but the problem is in being sure that the ideas were indeed good ideas . Nowadays there is so much information (VP, MC, Twitter , News channels etc.) that its very difficult to filter actionable info from the noise . Recent trend I am noticing is that good investors with social media presence are busy to point out weaknesses in the investment thesis on their own suggested stocks or bragging about successfully selling at the peak after they have posted youtube reviews on the same company for long term investment with 10 year time horizon. In some cases value investors with superb experience & achievements are moving to momentum investing and calling it Techno-Funda. No doubt they will be very successful with their new approaches as well but the problem is that these guys are closer to home and have been more helpful in getting investment ideas or learning stuff in past 2 years than Buy and Hold gurus like Buffet or Lynch or Vijay Kedia .
Even if I buy a stock with full conviction that it will be good one for long term, continuous flow of ante-thesis makes me doubt it as I have only two years worth of experience and that’s very little by any yardstick .
I know the simple solution would be to chose the option A and tune out for a few months from all forums and social media but at the moment I am simply unable to do so .
Being patient is the greatest virtue for a long term investor and unfortunately I do not have a lot of it yet. I only hope I get better at it .
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